[ad_1]
As introduced on 25 March 2024, European Lithium Restricted (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Firm) has listed choices on subject exercisable at $0.075 every which are because of expire on Friday, 19 April 2024 (EUROA Choices). Optionholders might train their choices by the use of cost, which should be obtained no later than 5:00pm (WST) on Friday 19 April 2024 (Expiry Date). All EUROA Choices that aren’t exercised by the Expiry Date will expire with no worth and no additional entitlement will exist.
Official citation of the EUROA Choices on the ASX will stop on the shut of buying and selling on 15 April 2024.
For extra data, please discuss with the announcement dated 25 March 2024 obtainable on the Firm’s ASX Platform.
Choices
Supply The Firm is happy to announce that it intends to conduct a suggestion to all registered holders of EUROA Choices on 12 April 2024 (File Date) with a registered handle in Australia and New Zealand (Registered Holders) whereby Registered Holders can apply for one (1) choice (New Possibility) for each one (1) EUROA Possibility held on the File Date at a difficulty value of $0.005 with an train value of $0.08 per choice, expiring on 14 November 2025 (Choices Supply). The Firm intends to use for citation of the New Choices. The New Choices will likely be issued pursuant to the Firm’s obtainable Itemizing Rule 7.1 placement capability.
The Administrators of the Firm intend to use for his or her full allocation underneath the Choices Supply (a complete of 21,750,000 New Choices) as follows:
(a) Tony Sage – 10,000,000 New Choices;
(b) Malcolm Day – 10,000,000 New Choices; and
(c) Michael Carter – 1,750,000 New Choices,
(collectively, the Participation) topic to shareholder approval sought on the Firm’s upcoming normal assembly which is predicted to be held in June 2024 (Normal Assembly).
To the extent that the Choices Supply isn’t absolutely subscribed by Registered Holders, the Administrators of the Firm have every agreed to underwrite the Choices Supply in equal proportions (as much as an quantity of 41,680,491 New Choices every). Any subject of New Choices pursuant to the Administrators’ underwriting will likely be along with the Participation and likewise topic to shareholder approval to be sought on the Normal Assembly.
Click on right here for the complete ASX Launch
This text contains content material from European Lithium, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your duty to carry out correct due diligence earlier than appearing upon any data supplied right here. Please discuss with our full disclaimer right here.
[ad_2]